Capital & Regional (LON:CAL) Stock Price Passes Above 200-Day Moving Average of $59.46

Capital & Regional Plc (LON:CAL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 59.46 ($0.80) and traded as high as GBX 64.40 ($0.86). Capital & Regional shares last traded at GBX 63.40 ($0.85), with a volume of 62,498 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price objective on shares of Capital & Regional from GBX 65 ($0.87) to GBX 75 ($1.00) and gave the stock a “buy” rating in a report on Monday, August 5th.

Capital & Regional Price Performance

The firm has a fifty day moving average of GBX 66.21 and a 200 day moving average of GBX 59.57. The company has a current ratio of 1.68, a quick ratio of 1.58 and a debt-to-equity ratio of 110.84. The company has a market capitalization of £148.85 million, a P/E ratio of 3,330.00, a P/E/G ratio of 1.40 and a beta of 1.73.

Capital & Regional Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be issued a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 4.38%.

About Capital & Regional

Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of the local communities. It has a track record of delivering value enhancing retail and leisure asset management opportunities across a portfolio of tailored in-town community shopping centres.